$BTC
From the distribution map of BTC holdings,
when the BTC price is at 98700, there are still about 300 million short positions outstanding.
Once the price breaks through 100,000, the short positions seem quite few.
However, around the price level of 92000, long positions are piled up like a mountain, with about more than 1 billion.
It feels like the longs are a bit "lonely", with not many counterparties to compete against. I wonder how the BTC price will fluctuate in the absence of sufficient counterparties?